Fixing the Federal Student Lending System
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Fixing the Federal Student Lending System

Options for Policymakers in 2021

Posted: Nov. 23, 2020
Author(s): Matthew Chingos
Organization(s): URBAN Institute

Federal student loans help many college students access and complete postsecondary degrees that would not have been attainable otherwise. But years of well-intentioned policymaking have left the student loan system a complicated disarray that is difficult for borrowers to navigate and leads to unfair and inefficient distributions of taxpayer dollars. This brief highlights potential changes a new administration and Congress might make to the federal student loan system, focusing on repayment plans, loan limits, public service loan forgiveness, and relief for current borrowers.

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